Through forex, these firms can exchange dollars for euros quickly and easily. As well as enabling trade between countries, forex trading is a lucrative investment opportunity. Every day, companies and investors make billions by purchasing and trading currencies. However, it does take a significant amount of experience and skills to make forex trading work.

Essentially, these will search through the market for the best currency trading opportunities. Also take a look at the best free personal finance software and the best tax software. Used by traders in more than countries and fully regulated, ForexTime's FXTM software is a reliable platform for foreign exchange trading.

For example, flexible leverage lets you increase your earning potential, but this is only offered to you based on your knowledge and experience.

If you do intend on becoming an expert in this area, you can access a range of educational resources. All you have to do is sign up for an account, upload your verification documents, and transfer funds before trading. FXTM is also known for offering a wide range of trading instruments users can use to learn how to trade, start trading, and investing.

Their trading conditions are unparalleled, making them one of the best in the scene. Trading is fast with hi-tech tools and made ultimately secure, and investing is made easier and beginner-friendly. FXTM offers users a large number of strategies as guides, profit, and even full control of their investment. Read our full ForexTime FXTM review. If you're tempted to invest in the stock market and financial instruments, but don't have the confidence to do so yet, then Stock Trainer by A-Life Software could be the forex trading platform you need.

The app offers a virtual stock trading experience using real market data, so you can gain experience, knowledge, and insights into the whole trading experience. Better still is that the app is quite comprehensive in terms of features, covering 20 stock markets, and providing support for stop-loss and Limit orders.

There's the ability to build a portfolio, and information is a provider on top gainers and losers, with chart information going back over ten years. Investing news is also provided, along with a business magazine, to provide further guidance. There are also multiple graphical interface themes available to personalize the experience. Stock Trainer is an Android app that offers virtual stock trading that is based heavily on the current market. The app is available in the Android Google Play store for free, supported by ads, though a premium version is available to remove those ads.

Beginners who are open to learning how to trade profitably can benefit greatly from Stock Trainer. Similarly, experienced traders can use Stock Trainer in practicing new strategies to reduce the risks involved, if there are any, when these strategies are implemented in the market. Stock Trainer is feature-rich and offers many of the same tools as true trading platforms, which makes it different from many trading apps for beginners..

Its wide range of supported stock exchanges includes those from 13 countries, including the US and the UK. This app continues to be developed and more features are still being added, but users can already download the app and start trading. The app is reported to not handle stock splits, and can only be installed on Android devices.

However, it is found to be user-friendly, guiding the newcomer in getting a good enough grasp on how markets work. With this app, users are able to learn from their mistakes and make good decisions, providing a great platform to get the stock market experience they need. Read our full Stock Trainer review. Through the platform, you can quickly find and track the best currencies and stocks to put your money in.

It offers 14 advanced chart types, as well as intelligence indicators and drawing tools. Like others, the app is powered by the cloud, letting you access analysis tools, trade data, and price alerts from any device. It provides streaming quotes for all major forex trading, cryptocurrencies, indices, precious metals, and commodities.

Plus you can access professionally curated news covering Asian, European, and American markets. There are a plethora of built-in trading tools too, including an economic calendar, data release alerts, a trading simulator, intelligence reports, and a risk scanner.

These have been authorized and regulated by the FCA in the UK and ASIC in Australia, which helps to boost customer trust. The app is free to download on Android and iOS. ThinkTrader offers convenient features that include multiple order closing at one-click so users can close all positions and all running positions with a single click; a single multi-device login so users can smoothly trade across all their devices; similar desktop, mobile, and tablet interface for ease of use; and powerful technical analysis tools to make finding new ways of analyzing the markets easier and faster.

Other features include real-time news from FX Wire Pro, in-app deposits and withdrawals, and customizable trading history reports. With all these features, users can easily stay up to date with the help of real-time news flashes, make deposits and submit withdrawal requests, and review their trading history at a glance.

Read our full ThinkTrader review. MetaTrader is one of the most popular trading platform apps for retail investors using Android devices and allows for the trading of stocks, forex, futures, options, and other financial instruments from your mobile device. The app supplies a general analysis of the financial markets using a range of real-time charts which includes historical information, in order to monitor prices and quotes.

Through this app, you can also easily switch between different financial instruments as well as both SL and TP values on charts, along with visualization of trading information. Charts are also interactive, with pinch and zoom options. There are also a number of analytical instruments included such as Gann, Fibonacci, and Elliott tools, as well as up to date financial news. MetaTrader does not only let you trade from your smartphone, but also from any browser running on any OS without any additional software.

This refers to the development of trading robots and technical indicators that lets you develop, test, and apply Expert Advisors and technical indicators. This eliminates any challenges you may have in analytical and trading activity. Other features of MetaTrader include an unlimited number of charts, trading signals, a dedicated MetaTrader market for all indicator and trading robots needs, and a powerful trading system with support for three execution modes. Read more on Wikipedia.

Many trustworthy forex brokers do offer mobile apps for trading. There is a wide selection available, including apps that are developed by brokers in-house, as well as apps from third-party developers. To avoid scams, you should only use regulated banks and brokers that are properly licensed to offer forex trading services in your country of residence. For example, if you live in the U. There is no official forex trading app or website, as the forex market is made up of a collection of banks, brokers, and other dealers; each may offer its own trading software.

Note: If you're looking specifically for the broker FOREX. com , it offers both a proprietary app, called FOREX. com mobile, and the popular MetaTrader 4 MT4 offered by many brokers.

In our Mobile category, Saxo Bank is our top pick due to its unified platform experience across devices, including a mobile app that syncs trendlines with its web platform counterpart. Our testing found that IG offers the best smartphone app — IG Trading — for forex trading in IG is regulated globally, and its IG Trading app provides access to a variety of quality trading tools alongside multiple news sources for researching trading opportunities.

Charting on the IG Trading app is also rich with features. For forex trading, you can't go wrong with Saxo Bank's SaxoTraderGO app or IG Trading from IG.

The MetaTrader platform suite — available for mobile — is developed by MetaQuotes Software Corporation and is the most widely used app for trading CFDs, forex, shares, and other asset classes. There are two versions of the MetaTrader app for both Android and Apple iOS devices — including the MetaTrader 4 MT4 app as well as the newer MetaTrader 5 MT5 app, which continues to gain adoption.

Learn more about MetaTrader 5 and find a great forex broker that offers MT5 by checking out our full MetaTrader 5 guide. While MT4 and MT5 are incredibly popular due to their wide availability, many of the best mobile apps are developed in-house by some of the best online brokers, such as Saxo Bank and IG.

The IG Trading app is an excellent choice for beginners, due to its range of tools, integrated content, and the ability to access educational material from IG Academy and DailyFx it even has a standalone mobile app for education. IG is a leader in education, making its IG Trading mobile app the best forex trading app for beginners in As an alternative, Plus 's easy-to-navigate app provides the essentials for trading, and makes viewing available markets a breeze.

That said, just because an app is easy to use doesn't mean it is easy to make money. New to trading forex? Check out our guide to trading forex for beginners here. We'll help you pick a forex broker that's great for beginners, and go over some of the forex fundamentals to help jumpstart your forex education. Which trading app is most profitable? No single mobile trading app can claim to be more profitable than another, because profitability is determined by the outcome of the individual trading decisions you make regardless of the app you use.

That said, it does potentially increase your probability of success when you have access to the latest trading tools and cutting-edge software. That's why many of the most successful traders only use the most trusted brokers — who also happen to have excellent mobile apps.

Here are our picks for the top mobile trading apps in Yes, if you have a modern smartphone running either an Android or iOS operating system, you can install forex trading apps on your phone. After opening the app, you can log in to your forex account and begin trading from your phone. Yes, and you shouldn't pay for any courses as there is plenty of high-quality free education available directly from most online brokers, as well as third-party websites our favorite is BabyPips.

However, forex trading is not easy — the majority of traders lose money. To be successful in trading forex, you must learn how to manage risk properly, depending on your goals and the strategy you choose to follow or develop. First, open a free demo account and trade using fake money to learn how the trading platform software works. To make money trading forex, work towards keeping your average losers small relative to your average winners.

This old adage says it best: "Cut your losers short and let your winners run. First, select a trustworthy U. forex broker regulated by the Financial Conduct Authority FCA.

Our guide to the Best U. Forex Brokers is a great starting point for finding a U. Next, open and fund your new brokerage account, and fill out the order ticket to place a trade.

Most online brokers offer demo accounts so you can practice with virtual currency and become familiar with how the trading platform works before funding your account with real money.

More details: Choosing an FCA-regulated broker will ensure that you are entitled to any applicable legal protections.

To be FCA-regulated in the U. Looking to trade more than just forex in the U. Our sister site, UK. com , can help you find the best U. While only a select few will reach elite trader status and turn over billions of dollars in trading volume, there are many successful traders who make money from trading forex and CFDs. The key to building wealth while trading forex is to keep your average losses low, relative to your average profits.

There is no get-rich-quick scheme for trading forex, and it isn't a way to make fast money unless you take extreme risks and bank on luck — which is more akin to gambling than investing. First, compare forex brokers that are regulated in your country of residence. Next, apply for a new account, fund, login, and fill out the order ticket to place your trade. More details: Open a free demo practice account to learn how the trading platform works.

Here are the Overall rankings for the 39 online brokers who participated in our Annual Review, sorted by Overall ranking. Was this helpful? Yes or No. At ForexBrokers. com, our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers.

Each year we publish tens of thousands of words of research on the online forex brokerage industry. Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources — among other important variables.

We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. Ultimately, our rigorous data validation process yields an error rate of less than. Click here to learn more about how we test. There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks. Steven Hatzakis is the Global Director of Research for ForexBrokers. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.

With a large range of apps available, it can be difficult to decide which one is best for you. If you want to get started with one of these forex trading apps, you can go ahead and click on the links provided, or alternatively, to learn more about each one, then read on.

com offers tight spreads on over 90 different currency pairs, so you have plenty of options when it comes to what you want to trade. The second best app on our list of the top 10 forex trading apps is XM trading point. XM is also a very experienced and well-trusted forex broker which has been around for over 10 years and served thousands of customers worldwide.

FXTM also called Forextime , is a globally licenced forex trading app which is popular all over the world for its fast order execution times and low fees. Are you a forex trader based in the UK? Then City Index is the place for you. As another globally-recognised forex trading app; City Index provides expert trade analysis and intuitive mobile apps which makes it a perfect place for Forex traders.

eToro is the most beginner-friendly forex trading app on this list. With a PayPal integration and a simple-to-use interface, eToro provides newer and experienced forex traders with a fast and easy trading experience. eToro is one of the most trusted trading apps across the world and serves thousands of customers daily. You can trade a wide range of different forex currency pairs on eToro as well as stocks, shares and commodities.

Trading is a popular forex trading app which has received an incredible 4. You can download the app for IOS or Android Google Play and get started trading forex instantly online. Make sure to check out the latest Trading promo code when you sign up.

In addition to that, Plus also offers free advanced trading tools to help you get the most out of your forex trades on the platform. IG claims to be the No. Forex spreads on IG start from as low as 0. The Markets. com forex trading app gives its users the opportunity to trade major and exotic currency pairs with low spreads and up to 30x leverage.

MarketsX is the CFD platform owned and operated by Markets. Forex Foreign Exchange trading is the act of trading currency pairs against each other with the aim of making a profit. Usually, the price movements are so small that most people have to use leverage to see tangible returns. Leverage effectively allows you to trade with more money than you have in your account.

Well, as I mentioned above, we independently test hundreds of different apps with strict criteria, you can learn more about how we test here. I will now outline some things we look out for in a forex trading app, and what makes a good one? There are so many forex trading apps out there that also deserve a place on this list, but these are the top ones in our opinion. Our best overall forex trading app is Forex. Have you use any of the forex trading apps listed above? If so, leave a comment and let us know about your experience!

Reviews Countries UK Trading Apps Payment Methods PayPal Trading Apps Instant Deposit Apps Markets Bitcoin Trading Apps CFD Trading Apps Forex Trading Apps Devices IOS Trading Apps. Top 10 Forex Trading Apps Forex. com — Best overall XM — Best for IOS FXTM — Best for fees Binance — Best for design City Index — Best for UK traders eToro — Best for PayPal deposits Trading — Best for reliability Plus — Best for worldwide traders IG — Best for trading tools Markets.

com — Best for analysis If you want to get started with one of these forex trading apps, you can go ahead and click on the links provided, or alternatively, to learn more about each one, then read on. GET FOREX. COM ACCOUNT. OPEN XM ACCOUNT.

OPEN FXTM ACCOUNT. OPEN CITY INDEX ACCOUNT. OPEN ETORO ACCOUNT. OPEN TRADING ACCOUNT. OPEN PLUS ACCOUNT. OPEN IG ACCOUNT. OPEN MARKETS. Click to Copy.

New to trading forex? He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. You can withdraw your profits for your use by clicking on the FUNDS MANAGER tab and selecting the withdrawal options. More about computing. List of Best Forex Apps on Android Below we recommend a list of some of the best forex apps on Android. While testing the demo, ensure you check on this to see if the spreads are competitive.

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